According to a press release to investors put out earlier today, sales of The Secret World have risen 30% since the game's free-to-play conversion. Apparently, however, that hasn't been enough for Funcom to continue operations as they currently stand. GamesIndustry is reporting that Funcom is now in the midst of large-scale restructuring, including closure and consolidation of certain offices and layoffs.

Without going into specific details, as the company would prefer not to announce anything officially until the process is over, thought it appears the company's Montreal office has undergone sever cuts bordering on near-closure. The Montreal studio was responsible for The Secret World and Age of Conan's expansion Rise of the Godslayer.

Ole Schreiner, CEO of Funcom, offered the following statement on the current situation:

"We are building the basis of a very sustainable business. With a restructured organization, we will have a joint team of the best-of-the-best working together to expand our existing online worlds and to create new, exciting and memorable online experiences such as our upcoming 'LEGO Minifigures' game."

In the mean time, all of Funcom's existing properties including The Secret World, Age of Conan and Anarchy Online will remain online and operational. In fact, according to a stock notice posted earlier today, the properties will continue to receive a strong focus from Funcom going forward.

Hopefully we'll hear more information on what's going on at Funcom in the coming weeks, if only to better understand the extent of the restructuring and the impact to be felt through layoffs.